Landmark Bancorp Inc. (“Landmark”; Nasdaq: LARK) reported diluted earnings per share of $0.64 for the three months ended March 31, compared to $0.23 per share in the fourth quarter of 2022 and $0.59 per share in the same quarter last year. Net earnings for the first quarter of 2023 amounted to $3.4 million, compared to $1.2 million in the prior quarter and $3.1 million for the first quarter of 2022.

For the three months ended March 31, 2023, the return on average assets was 0.90%, the return on average equity was 12.04%, and the efficiency ratio was 70.1%. 

Landmark’s Board of Directors declared a cash dividend of $0.21 per share, to be paid May 31, to common stockholders of record as of the close of business on May 17. 

Management will hosted a conference call to discuss the company’s financial results on May 3. A replay of the call will be available through June 2, by dialing 866-813-9403 and using access code 453843.